Koshinski Asset Management Inc. Lowers Stock Position in Nucor Co. (NYSE:NUE)

Koshinski Asset Management Inc. lessened its stake in Nucor Co. (NYSE:NUE) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,340 shares of the basic materials company’s stock after selling 537 shares during the period. Koshinski Asset Management Inc.’s holdings in Nucor were worth $390,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Nucor in the third quarter valued at $26,000. Coastline Trust Co bought a new position in shares of Nucor during the 3rd quarter valued at about $29,000. Brown Lisle Cummings Inc. bought a new stake in Nucor in the 3rd quarter worth approximately $30,000. Salomon & Ludwin LLC boosted its stake in Nucor by 45.6% in the third quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock worth $35,000 after buying an additional 72 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Nucor by 60.3% during the fourth quarter. Versant Capital Management Inc now owns 303 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Stephen D. Laxton sold 4,712 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $169.53, for a total value of $798,825.36. Following the completion of the transaction, the chief financial officer now owns 82,132 shares in the company, valued at $13,923,837.96. This trade represents a 5.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenneth Rex Query sold 9,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the completion of the sale, the executive vice president now directly owns 98,770 shares in the company, valued at approximately $14,499,436. The trade was a 8.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,680 shares of company stock worth $4,773,724 over the last three months. Company insiders own 0.46% of the company’s stock.

Nucor Price Performance

NUE opened at $122.10 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.59. The stock has a market capitalization of $28.67 billion, a PE ratio of 11.80 and a beta of 1.60. The stock’s 50 day moving average price is $131.64 and its 200-day moving average price is $143.82. Nucor Co. has a 52-week low of $112.25 and a 52-week high of $203.00.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.09. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the previous year, the firm earned $4.57 EPS. The company’s quarterly revenue was down 15.2% compared to the same quarter last year. On average, equities research analysts predict that Nucor Co. will post 8.13 EPS for the current year.

Nucor Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, December 31st will be paid a $0.55 dividend. This is an increase from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, December 31st. Nucor’s dividend payout ratio is presently 21.26%.

Wall Street Analyst Weigh In

NUE has been the subject of a number of research reports. The Goldman Sachs Group assumed coverage on shares of Nucor in a research note on Monday, December 2nd. They issued a “buy” rating and a $190.00 price objective for the company. Jefferies Financial Group cut their price target on shares of Nucor from $150.00 to $125.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Citigroup decreased their price objective on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on Nucor from $168.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $156.00 price target (down from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and a consensus target price of $163.63.

Nucor Company Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.